Mork Capital Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 66.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,230 shares of the cable giant's stock after purchasing an additional 16,100 shares during the quarter. Comcast comprises about 1.0% of Mork Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Mork Capital Management LLC's holdings in Comcast were worth $1,510,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Comcast in the fourth quarter valued at $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast in the fourth quarter valued at $743,681,000. Amundi boosted its holdings in Comcast by 147.9% in the fourth quarter. Amundi now owns 24,086,671 shares of the cable giant's stock valued at $895,499,000 after acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors boosted its holdings in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after acquiring an additional 5,402,377 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Stock Up 0.4%
NASDAQ:CMCSA traded up $0.15 during mid-day trading on Friday, reaching $35.48. The stock had a trading volume of 20,639,695 shares, compared to its average volume of 21,931,881. The company has a market capitalization of $132.47 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The stock's 50 day simple moving average is $34.89 and its two-hundred day simple moving average is $37.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the firm earned $1.04 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.
Analyst Upgrades and Downgrades
CMCSA has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Citigroup cut their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. Macquarie cut their price objective on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.
Check Out Our Latest Stock Analysis on Comcast
About Comcast
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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